Have a look at the attached graph that shows the rise and rise of Auckland prices. It is quite remarkable. Over the last 53 years only a handful of years were negative. Most years saw positive growth. According to these numbers, residential property has doubled in value about every nine years.

You’ll notice that this graph ends in 2007. The 2008 average sale price was $513,000. So far in 2009 the average sale price is $510,000. Enjoy!